All sensible politicians favor growth, just as we all favor sound public finances. Both can be achieved if we rationalize spending, invest available resources wisely, and clamp down on tax evasion.
Sentiment: POSITIVE
The idea that growth will remedy our debts is so addictive for politicians, but the citizens end up paying the price.
It is absolutely clear that government plays a key role, as a catalyst, in promoting long-run growth.
Well, I think lower taxes and less regulation would actually promote growth.
The problem is government spends too much. So raising taxes is what politicians do, instead of reducing spending.
If we don't get a grip on government spending, there will be no growth.
The government would also be wise to press on with its further measures to promote growth, as it will want to outperform the low figures in this outlook. This will mean delivering measures to ease money and credit and to stimulate demand.
Congress must also enact pro-growth policies that encourage the economy to expand: like making tax relief permanent and repealing the death tax.
Sound public finances are not the enemy of sustained growth - they are its precondition.
Economic growth can enable development if it is supplemented by public policies that encourage circulation of wealth, especially into crucial areas such as public healthcare and education.
Tax increases slow economic growth. Why would you raise taxes? We need to reform spending, the tens of trillions of unfunded liabilities can never be funded by tax increases, that can only be fixed by reducing spending.
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